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Tuesday, 25 January 11
DRY BULK RATES CONTINUED TO TUMBLE LAST WEEK - BRS
 With weather-related problems affecting the short-term outlook, and new building deliveries the longer-term picture, dry bulk rates continued to tumble last week and the BDI and Capesize 4TC are now at their lowest levels for 2 years. Thursday saw the BDI bottom out at 1,438 points, a result mainly of softness in the Cape market. Rising commodity prices indicate there is still good demand for product, which suggests new building deliveries are the main issue affecting rates. After two weeks of 2011, 20 new Capes have been delivered, 9 Panamaxes, 28 Supramaxes, and 21 Handysizes, indicating the pace of delivery is increasing. In the FFA market, 2H 2011 is now trading at around US$21,000 per day compared to US$24,000 six months ago.
Capesize
Another period of softening rates in the Cape market, and the BCI lost a further 15% or 270 points Friday-to-Friday. The Cape 4TC, at just under US$9,700, is now below the time charter equivalent for all the other bulk sizes. Players reported a sharp drop in Australian business, with coal operations still disrupted due to weather factors, and a lacklustre demand for ore. In the period market, it was reported that a 161,000 tonner was taken for 3-5 months at US$13,000 per day. However the sole one-year charter was signed at a BCI index-linked rate. On Monday however the BCI lost just 5 points, raising hopes among owners that the market may be bottoming out.
Panamax
The Panamax 4TC average stayed flat this week and hovered between US$15,300 and US$15,400 per day. However the two basins went in opposite directions. The Pacific showed some resistance due to the number of ballasters going to the USG and ECSA, and ships caught in the congestion in Queensland created some opportunities for the other vessels. The Nopac route gained US$500 and closed the week at US$10,000 per day. West of Suez, in the Atlantic, the market eased by US$1,000 as very few fresh requirements hit the market and the fleet supply end Jan was growing day by day. Regarding the period market, all major operators were quiet and the few ships which went on short period for delivery China or India were getting fixed at US$16,500 per day.
Supramax/Handy
The Baltic Supramax Index has shown a few signs of recovery with most of the routes following a slight upward trend. Delays in the southern part of the Atlantic due to bad weather/congestion have resulted in charterers having to come on the market looking for substitute vessels, of which very few are available. The Baltic gained 48 points to finish at 1,393 points last week, while the average of the TC routes gained US$506 to finish at US$14,570. The US Gulf and the Continent were the drivers of the Atlantic where fewer fixtures were seen from East Coast South America. A Supra delivery west Africa for a trip via Brazil/ Argentina to the Singapore/Japan range was rumoured to have fixed at US$24,000 dop. From the USG, modern Supras were fixed to the Continent around the mid US$20,000s, and to the Singapore/Japan range in the low/ mid to mid US$30,000s. For the smaller sizes, the trend of the Baltic Handysize index has been steady, finishing at 765 points with no difference noted as it had started at 765 points. Only the TC Handysize average showed very minor signs of improvement, as it gained US$25 to finish the week at US$11,129 per day.
For Handies, the driver has been East Coast South America which has been more active than the US Gulf or the Continent (which has seen a few scrap orders back to the east Med), and the Black Sea which remains silent. A couple of Modern Supramaxes ex Far East for 2-4 month periods were fixed between US$12-13,000. The Pacific has continued to weaken with Supramaxes being fixed for backhauls at around US$7,000 ex Taiwan, while ex Japan to Australia/Nopac were fixed around US$7,500.
Source: Barry Rogliano Salles (BRS)
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Monday, 07 February 11
RICHARDS BAY COAL TERMINAL EXPORTS SURGE, BUOYED BY ECONOMIC DEVELOPMENT IN CHINA AND INDIA
COALspot.com - Richards Bay Coal Terminal (RBCT) announced today that 2010 exports have exceeded the last two years’ performance, said in a re ...
Monday, 07 February 11
RBCT SHIPPED 28.67 PERCENT LESS COAL IN JANUARY
COALspot.com - Richards Bay Coal Terminal (RBCT) is the single largest export coal terminal in the world, shipped 4,389,925 MT of coal in January 20 ...
Sunday, 06 February 11
THE PANAMAX & SUPRAMAX FUTURES FOR 2011-2013 WAS AT AROUND US$ 16,500 & US$ 15,000 PER DAY RESPECTIVELY
COALspot.com - With the Chinese new year holidays this week, the market has been fairly quite as expected.
The BDI saw a bigger drop compared to ...
Saturday, 05 February 11
INDONESIAN ENERGY MINISTER HAS SIGNED A DECREE FOR COAL TRANSPORTATION PERMITS ON FRIDAY
COALspot.com - Minister of Energy, Darwin Minister Saleh said, that, he had signed a decree for transportation and sale of coal, which was the ...
Saturday, 05 February 11
ANCHORAGE LOADING POINT MOVED TO MUARA JAWA
COALspot.com - The Ministry of Transportation Republic Indonesia has announced that, the loading point at Muara Berau, East kalimantan h ...
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- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Bhatia International Limited - India
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- Parliament of New Zealand
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
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